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Most commerial real estate listings for lease are in the $30's per square foot per year. The Andersonville submarket is going through a a rise in rates. In the last 3 months, the median rate for lease rose $33 per sqft per year.
Compared to the rest of the Chicagoland commercial real estate market, the Andersonville submarket has more expensive rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 90 days, 20 commercial real estate listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 10% of the available commercial real estate space in the Andersonville are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 9,520 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built close to 2016.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Andersonville occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Andersonville.
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